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The video tutorial discusses three scenarios related to wholesale power prices in Alberta. In scenario one, if the actual price is lower than the guaranteed price of $55 per megawatt hour, the buyer must make up the difference to the generator. In scenario two, if the actual price matches the guaranteed price, there are no issues. In scenario three, if the actual price exceeds the guaranteed price, the generator keeps the excess revenue. These scenarios illustrate the mechanics of power purchasing agreements and how they impact both buyers and generators.